201 Beech St Forrest, IL 61741-9611
This exceptional property presents a rare investment opportunity. Located at 201 N Beech Street in Forrest, Illinois, this meticulously preserved and renovated former church boasts over 4,900 square feet of space spread across two levels. Currently operating as a captivating hat museum, the building showcases a remarkable collection of over 17,000 hats and 35,000 pens and pencils, along with other unique collectibles. The property retains its original charm with high ceilings, stunning stained-glass windows, beautiful woodwork, and well-preserved church pews and altar. Extensive renovations completed in 2017, prior to the museum's opening, revitalized the building. These upgrades included new drywall, insulation, electrical systems, flooring, roofing, paint, a public restroom, a new furnace, and air conditioning. The lower level also features an additional kitchen space and a half-bath, ready for customization. This is a truly one-of-a-kind property, offering a blend of historical significance, unique business potential, and significant square footage. Priced at $250,000, this property is ready for its next chapter. The expansive space and unique character make it suitable for a variety of uses, beyond its current museum function. Schedule a showing to appreciate the beauty and potential of this remarkable building.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.